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BioNTech Ramps Up Spending To Launch 10 Pivotal Cancer Studies In 2024

 
• By Andrew McConaghie

As COVID-19 vaccine sales decline, the company is investing billions in a diverse oncology pipeline including antibody drug conjugates, immunotherapy and cancer vaccines

BioNTech Shutterstock
• Source: Shutterstock

BioNTech suffered from plummeting COVID-19 vaccine sales in the first quarter and recorded a loss of €315m ($339m) but is convinced that its investment in novel cancer therapies will pay off soon.

On its Q1 call on 6 May, the company laid out how it was gearing up in oncology. This included...

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